Midwich Group Plc (LON:MIDW) said it is well-placed to deal with continued coronavirus disruption and it is “in a strong position” to respond once markets start to recover.
The specialist audio-visual products distributor said it is unclear how quickly business will return to more normal levels and challenging conditions are expected to continue until lockdowns are significantly eased in its markets.
“The group delivered a strong performance in 2019, achieving revenue and profit growth while successfully completing four acquisitions,” chairman Andrew Herbert said in a statement.
“We remain committed to our established strategy of delivering strong organic growth, supplemented by targeted acquisitions, as well as building our expertise in a broader range of markets and products.”
Shares were flat at 459.55p on Monday morning.